# GARMIN LTD (GRMN) FY2026 Q2 P&L / Income Statement

- Company: GARMIN LTD (GRMN)
- Period: 2026-03-29 to 2026-06-27
- Filing: Q2 FY2026 10-Q, filed 2026-07-29, accession number 0001193125-26-322114
- Page: https://plicit.ai/financials/grmn/fy2026-q2-income-statement
- Chart image: https://plicit.ai/charts/grmn-fy2026-q2-income-statement-sankey.png

## Chart details: Revenue by Business Segment

Income statement for 2026-03-29 through 2026-06-27. View: Business segment. Revenue and costs use their disclosed categories.

- **Net sales**: 2,022,092,000 US dollars
- **Cost of goods sold**: 760,070,000 US dollars
- **Gross profit**: 1,262,022,000 US dollars
- **Total operating expense**: 646,514,000 US dollars
- **Operating income**: 615,508,000 US dollars
- **Total other income (expense)**: 35,553,000 US dollars
- **Income before income taxes**: 651,061,000 US dollars
- **Income tax provision**: 109,141,000 US dollars
- **Net income**: 541,920,000 US dollars
- **Fitness Segment revenue**: 756,823,000 US dollars
- **Outdoor Segment revenue**: 482,740,000 US dollars
- **Aviation Segment revenue**: 268,749,000 US dollars
- **Marine Segment revenue**: 341,369,000 US dollars
- **Auto OEM Segment revenue**: 172,411,000 US dollars
- **Fitness Segment cost of revenue**: 276,100,000 US dollars
- **Outdoor Segment cost of revenue**: 150,421,000 US dollars
- **Aviation Segment cost of revenue**: 66,778,000 US dollars
- **Marine Segment cost of revenue**: 132,405,000 US dollars
- **Auto OEM Segment cost of revenue**: 134,366,000 US dollars
- **Selling, general and administrative expenses**: 342,574,000 US dollars
- **Research and development expense**: 303,940,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Timing of Transfer

- Page: https://plicit.ai/financials/grmn/fy2026-q2-income-statement/revenue-by-timing-of-transfer
- Chart image: https://plicit.ai/charts/grmn-fy2026-q2-revenue-by-timing-of-transfer-sankey.png

Income statement for 2026-03-29 through 2026-06-27. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 2,022,092,000 US dollars
- **Cost of goods sold**: 760,070,000 US dollars
- **Gross profit**: 1,262,022,000 US dollars
- **Total operating expense**: 646,514,000 US dollars
- **Operating income**: 615,508,000 US dollars
- **Total other income (expense)**: 35,553,000 US dollars
- **Income before income taxes**: 651,061,000 US dollars
- **Income tax provision**: 109,141,000 US dollars
- **Net income**: 541,920,000 US dollars
- **Point in time**: 1,938,804,000 US dollars
- **Over time**: 83,288,000 US dollars
- **Selling, general and administrative expenses**: 342,574,000 US dollars
- **Research and development expense**: 303,940,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/grmn/fy2026-q2-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/grmn-fy2026-q2-revenue-by-geography-sankey.png

Income statement for 2026-03-29 through 2026-06-27. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 2,022,092,000 US dollars
- **Cost of goods sold**: 760,070,000 US dollars
- **Gross profit**: 1,262,022,000 US dollars
- **Total operating expense**: 646,514,000 US dollars
- **Operating income**: 615,508,000 US dollars
- **Total other income (expense)**: 35,553,000 US dollars
- **Income before income taxes**: 651,061,000 US dollars
- **Income tax provision**: 109,141,000 US dollars
- **Net income**: 541,920,000 US dollars
- **Americas**: 979,390,000 US dollars
- **EMEA**: 766,069,000 US dollars
- **Asia Pacific**: 276,633,000 US dollars
- **Selling, general and administrative expenses**: 342,574,000 US dollars
- **Research and development expense**: 303,940,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.